Turkish Crypto Investors Dominate Market Activity

Turkish Crypto Investors Dominate Market Activity

Turkish crypto investors hold a significant stake in the global market. Their presence remains robust even during market downturns. On a recent holiday, local exchange volumes surged past 9 billion TL, demonstrating remarkable liquidity in TRY pairs worldwide.

Turkish Crypto Landscape

Turkey has a vibrant community of crypto investors with impressive trading volumes. This is evidenced by the increasing presence of TRY pairs on global exchanges. Even during Eid al-Adha, local exchange volumes surpassed 9 billion TL.

Investment Preferences

Turkish investors exhibit a keen interest in speculative altcoins, including meme coins and newly listed assets. These often top volume charts.

Data Insights from 21milyon.com

21milyon.com provides real-time data on all local exchanges, allowing traders to monitor popular altcoins. It also displays exchange listings and volume distribution, facilitating optimal trading decisions.

Purchased Cryptocurrencies

Amidst the volatility of the Lira, Bitcoin (BTC) and Tether (USDT) maintain their dominance in the top two positions. USDT has experienced a higher price fluctuation against TRY than BTC over the past month (3% vs. 2%).

Ethereum (ETH) secures the third spot, followed by the highly speculative PEPE Coin.

Altcoin Spotlight: ROSE INU Token

The ROSE INU Token has emerged as a popular choice among Turkish investors, reaching a volume of 287 million TRY. This altcoin lacks global recognition, suggesting that social media influencers may have amplified its marketing.

Source:

Turkish Crypto Investors Dominate Market Activity: